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it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of jobs bill awaiting action in the democratic-run senate. >>> good news on the jobs front. 203,000 jobs were added in november, and the unemployment rate dropped to a five-year low of 7%. kristen welker, good saturday morning to you. what's the white house's take on the latest numbers? >> alex, good morning to you. the white house certainly touting the fact that the unemployment rate at its lowest level in five years. also highlighting the fact that a lot of this job gr
it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans are focusing on obama care. >> families who work hard and play by the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans...
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, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not surprisingly -- disappointingly not surprisingly, democrats said because of uncontrollable circumstances and 24% said lack of effort. for republicans, it was about exactly the reverse. 28% said uncontrollable circumstances versus 57% who said lack of effort. so, that is, of course, why the fake war on christmas that bill o'reilly is choosing to talk about is, you know, semantics rather than these issues of makers and takers, right? >> yeah. absolutely. and this whole thing of christmas versus holiday really is a distraction. it's a diversion from the statistics that you just pointed out. look. let
, to address these problems. >> and despite their efforts, the economy's actually growing. the biggest problem, though, unfortunately, main street isn't feeling it. how do we have a conversation on poverty? that's a reason why the president's conversation is refreshing because he acknowledged a biggest principles that's holding us back, lack of information with equal education and access for everyone. >> you know, joe, i wanted to share pugh took a look at why are people poor? not...
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45% said the economy. only 18% said health care. and economic inequality, which the president's spending a lot of time talking about these days, kennedy, only 1% care to hear about that at all. >> yeah, that's the 1% that's very inconvenient for the president. normally, when he talks about the 99%, he thinks he's speaking to the masses, but this once rabid fan base has obviously grown completely cold on that issue. and i don't know why the president continues to harp on it when it's obama care that is pulling him down like an anchor. >> so, kennedy, you are an anchor, and you're going to have a couple of people anchoring there with you. tell us about your new show! >> oh, i'm so glad you asked that. it's premiering monday night on fox business network, the sister station to fox news. and i will be hosting along with matt welch, who is the editor in chief of "reason" magazine, and camille foster from free think media. a bunch of free thinkers batting around ideas, talking to people and really trying to have an interesting, engaged di
45% said the economy. only 18% said health care. and economic inequality, which the president's spending a lot of time talking about these days, kennedy, only 1% care to hear about that at all. >> yeah, that's the 1% that's very inconvenient for the president. normally, when he talks about the 99%, he thinks he's speaking to the masses, but this once rabid fan base has obviously grown completely cold on that issue. and i don't know why the president continues to harp on it when it's obama...
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the economy is not performing we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of health care is going up substantially. real wages have been frozen. you're all familiar with the budget problems that we face. there's a growing disparity have-nots haves and in our society. and that should concern all of us over time. allf these things are in some the interrelated with question of economic growth. if i had to pick one thing, i would agree with what john had to say. what's the comparative advantage. how do we grow this economy in a competitive world. in particular, how do we empower, again, not just give, citizens through hardwork and thrift and all those things to enjoy the fruits of the growth, particularly the third that aren't getting the education. the kids, let's say, that aren't quality of education we need to be economically an innovative global economy. that's what i would focus on. more ect you're a little concerned
the economy is not performing we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of health care is going up substantially. real wages have been frozen. you're all familiar with the budget problems that we face. there's a growing disparity have-nots haves and in our society. and that should concern all of us over time. allf these things are in some the interrelated with question of economic...
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward thinking of conciliation, of forgiveness and of love for all is something that has touched so many people and it has been something that has brought people towards him and brought people together. on the morning of february 11th, 1990 i was with a group of photographers. we had gotten to the prison very early that morning. at one point in the early afternoon, i will never forget suddenly about five helicopters began to descend right over the back of this prison and suddenly there were screams that came in all directions of excitement. and i knew that something very important was about to happen. i
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >>> nelson mandela's compassion, hum humanity, humility touches millions all over the world. peter turnley was there the day mandela was released from prison more than 20 years ago. he described the moments that followed in his own words. >> nelson mandela's example, his courage, his determination, his dignity, his forward...
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overall, these trends are encouraging news for families and our economy. they feel more secure in their own budgets. as you know, businesses in the united states have created more than 8 million new jobs. which is a perfect segue to something i just wanted to note. today, information that was released earlier this morning is jobs data and figures on job creation in november. i think it is worth noting when you look at this graph, not only was the economy in freefall, job loss was terrible at the end of 2008 and early 2009 when president obama took office, and not only has the trajectory been consistently in the right direction, if you will note when we first began positive job creation in the wake of the great recession, it was right around when the affordable care act past. this is obviously not a direct correlation. but we are moving the right direction. the information i cited in the beginning about the positive effects of the affordable care act for reduce in growth in health-care costs combined with the steady job creation we have seen for so many mon
overall, these trends are encouraging news for families and our economy. they feel more secure in their own budgets. as you know, businesses in the united states have created more than 8 million new jobs. which is a perfect segue to something i just wanted to note. today, information that was released earlier this morning is jobs data and figures on job creation in november. i think it is worth noting when you look at this graph, not only was the economy in freefall, job loss was terrible at...
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>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a yer getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance. and it
>> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a yer getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of...
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the republicans have made it clear on any issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president, while hopeful and optimistic. he's dealing with all these obstruction and impediments, he has to try, otherwise why be in the job? >> what's the point of the job. isaac, when you watched the interview, it was sort of interesting to watch a president expound at length about what it's like to be president while he's president. it is sort of an interesting experience we don't get to see. what were you seeing? what were you taking away from what you heard the president talking about this week? >> this was the first interview obama has done in a few weeks where he seemed back on hills game, he seemed con
the republicans have made it clear on any issue from the bucket, economy, jobs, health care, immigration you name it they will stand in the way of quote giving him a win. they don't want him to succeed. as we know, there have been two books wren that republicans collude before he was inaugurated to insure he would not be successful. so a president's job is to be hopeful and optimistic. that's what the president is being here, but that's not to say that he shouldn't try. because the president,...
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so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs per hour have gone up 10% to 25%? >> well, you have to put that question in context. first of all most of our low wage jobs are in the retail and service industries. a study was done on impact of raging minimum wage to $12.25. in the real retail industry that would amount to 1 hers of annual sales. 6% of payroll. so we're not talking about a dramatic shift, number one. number two, would you hire them? i think the answer is if you want to stay in business and want to stay competitive, yes, you will. no question about it. we're lookin
so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal...
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economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people working two years with their kidss 60,000 but that is on a lot in california just with cost-of-living does not always work is great to raise minimum-wage there is too many variables that point to a clear path but ideally you do not want that of all wages and the recession you want to increase unemployment and you want those of benefits to drive wages down and the value could save that with unemployment benefits but they could never do that to adjust the problem with having a supply of that now is you want peopl
economy. pope francis was very clear. said red crescent? [laughter] he cares about the message of christ's. we have to heed the words of poverty spread first of all, i would like to issue to the opel for issues of god island rather listen to stephen on issues of the economy. [laughter] capitalism has allowed it billion people to do triple for space it, over the past seven years the pope shed cozied up to us. >> i see it you could work as a child of the cold wind. in arkansas with people...
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and he's engulfed by this incredible storm on the economy. i mean, i think he's gotten us out of the worst recession since the great depression. that alone is quite an accomplishment. so i think, i would agree that his second term is stymied and that at best he can present an agenda which he probably understands will never be, never come into being unless the democrats retake congress, the house in the next congressional election. but at the very least, he can leave a legacy for future be presidents to look back on and say, well, obama wasn't able to complete it there, but we can do it in the future. >> in the introduction that's reprinted in the series of biographies that artur edited for -- arthur edited for times books, john seigenthaler -- [inaudible] he quotes henry adams saying that a president of the united states is like the commander of a ship at sea. he should have a course to steer ask a sense of mission. tom, you have covered presidents back beginning with polk as i recall -- [laughter] so what do you -- where would you put obama
and he's engulfed by this incredible storm on the economy. i mean, i think he's gotten us out of the worst recession since the great depression. that alone is quite an accomplishment. so i think, i would agree that his second term is stymied and that at best he can present an agenda which he probably understands will never be, never come into being unless the democrats retake congress, the house in the next congressional election. but at the very least, he can leave a legacy for future be...
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one of the areas where obama has really hurt the economy is with small businesses. his investment tax increase really hurts small business. it went from 35% to 43% on passive income. this really is an usual. during expansions you typically see new business startups accelerate. this is the only recovery i've seen back to the 1930s where new business startups have flat lined. when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and a
one of the areas where obama has really hurt the economy is with small businesses. his investment tax increase really hurts small business. it went from 35% to 43% on passive income. this really is an usual. during expansions you typically see new business startups accelerate. this is the only recovery i've seen back to the 1930s where new business startups have flat lined. when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be...
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." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a living wage, $15 an hour. they are not alone in their call for better pay. >> we know there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty. >> the president has called for raising the minimum wage to $9 an hour. he also supports a bill in congress to raise it to $10.10 but fast foods workers say $15 an hour the living wage they need. the question, a living wage, who pies? could raising the minimum wage ultimately hurt the very worker rs it's meant to help? it's all in the eye of the beholder. f
." >>> a possible tipping point for the economy. 203,000 jobs created last month. but as low-wage workers take to the streets it looking more like one america with two economies. i'm christine romans. this is "your money." america on track to create nearby 2.3 million jobs this year. but the quality of those jobs could spark the beginning of a 21st century labor movement. fast food workers protesting in 100 cities across the country this week. they're calling for a...
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their economy contracted by more than 58% last year. and it is precisely because of the international sanctions and the coalition that we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime. that's what brought president rouhani to power. he was not necessarily the first choice of the hard liners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this it is a regime that came to power swearing opposition to the united states, to israel, and to many of the values that we hold dear. but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically. and that is the deal that at the first stages we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his counterparts in the p5-plus-1. so let's look exactly what we
their economy contracted by more than 58% last year. and it is precisely because of the international sanctions and the coalition that we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime. that's what brought president rouhani to power. he was not necessarily the first choice of the hard liners inside of iran. now, that doesn't mean that we should...
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is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have coincided with the time period in fact the affordable care act has been on the books. gwen: is that plausible? >> no. the one case they do have is that there are fewer people part-time involuntarily and that was supposed to be something that was going to happen because of the affordable care act. it looks like the shutdown and all that furor didn't really stop the economy. gwen: the word they've been using instead is because the resilient is why it's happened. that's the good news part of it goes so far because just under the surface, there was a lot of evidence of uncertainty. heade
is there a connection between rebound in the economy and the healthcare act? >> the link is that this law all thetually for attention to it now is more than three years old, that, you know, jobs growth, you might say, despite the affordable care act, despite the predictions from republicans and its other opponents that this killer, theob consistent description for it, and jay carney opened up his houseng at the white today by suggesting that the eachgrowth consecutively month have...
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it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth for who is really poo and who is not poor. but you could go beyond food stamps, now you are close to one out of three americs getting assistance. and it makes my head spin. because the direction is that we need to relax the standards or the economy will start to have no choice but to expand this program to the degree we have. it is unaffordable. it is untenable, is not? >> food staps are not expected to be contributing to our long-term death of deficit. neil: the amount of money that we are committing, and the top that we are talking about, you're right about the impr
it's a bad economy. 65% of groceries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a requirements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for t truly poor. the. neil: we could go back and forth...
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it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the federal reserve to cut back on the stimulus plan. now it looks like investors and traders believe a growing economy is good news. so here is a look at today's closing numbers. the dow shot up almost 200 points back above the 16,000 level. the nasdaq jumped about 30 and s&p rose 20 points returning to the 1800 mark again. >>> so where are all those jobs, and what do the gains mean for the economy? hampton pearson takes a look. >> just in time for the holidays, tanger outlets opened this 100 million dollar complex with 80 high-end retailers outside washington d.c. in light of today
it looks like good news for the economy is finally good news for wall street. stocks rose sharply because of a super strong jobs report. american businesses added 2,300 jobs in november, much more than expected, and the nation's unemployment rate fell to 7% even, that's a five-year low. the rally was broad base with all ten sectors of the s&p 500 index on the plus side. today's gains come after five straight losing sessions on fears that a stronger economy would be the cat list for the...
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the economy and united states. increase 40% rates per year. i was a american -- i would say that america's future is a wire- lined a future. >> you are talking about the move to broadband and one of the sec is looking at is transition. you feel that the sec is moving quickly enough? i think there've been concerns about the process taking too long. >> i applaud the commission for establishing the technology transition task force. i think it is important that we have a managed transition to ip. the commission and department of commerce work very well together in transitioning us from an analog to digital world when it came to broadcasting. thats not so long ago folks were very worried about having to get rid of their analog television sets. that was managed in a way that was done with nary a hiccup. it takes planning and execution. the new chairman of the sec is someone who is attentive to that. >> will like to see the fcc do next -- what would you like to see the fcc do next? >> i think with the chairman has done is
the economy and united states. increase 40% rates per year. i was a american -- i would say that america's future is a wire- lined a future. >> you are talking about the move to broadband and one of the sec is looking at is transition. you feel that the sec is moving quickly enough? i think there've been concerns about the process taking too long. >> i applaud the commission for establishing the technology transition task force. i think it is important that we have a managed...
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our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough worried about the next generation. what jack kennedy understood as well. that's the american people. we go through these periods where our politics gets all balanced up. the truth is sometimes we're nostalgic about the past. >> i am. >> i know you are. if over and over again they see they are not addressing the core problems we have, eventually they will put in place folks who are serious about getting the work done. >> let's talk about the problem with the legislative branch. the nature of america is an aisle down the cente
our economy is improveth. we have double our production of clean energy, doubled our production of traditional energy sources. we are on the brink of being energy independent as a country our size to be. we have the best researchers, scientists on earth, and the most innovative companies on earth. we're still the envy of the world. i continue to have great confidence in our capacity. this city washington is grid locked and spends too much time worried about the next election and not enough...
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good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda was married at 17 and divorced later. >> i'm not going to depend on a >> i don't think i would have stepped out boldly or been successful if i had still been married. it's stad -- sad but true. >> these are two reflections of the marriage rate. half a century ago 61% of the population was married. now it's down to 35%. divorce is more common over the same period. from nine divorced women the rate climbs to 21 per thousand. marion and wanda represent the economic disparities. >> they haven't been used in 30-40 years. now they are going be developed into a
good news for the white house and the economy. we'll see if it sustains into the fourth quarter and next month, and whether the deadline in washington. january the 15th, coming to an agreement. >> despite the economic news, 11 million americans are unemployed. since the recession, women have fared better than men in finding jobs. that's as more and more women are choosing to stay single and financially independent. >> marion luggett got married at 16, left her husband at 19. wanda...
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it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine, let them take away the punch bowl, however you want to construct it. >> at this point it may have been discussing tapering for over half a year. the markets have pretty much built in right now. the big issue, are we going to be able to live without so much stimulus. the data suggests that we are. lou: the stimulus and the economy and the markets. as a result of the fed pulling back on cue eat whenever the number may be, what is your judgment on the way that we are going to go into 2014 and now we're going to end u both in the markets and economy? >
it is credible that the economy is doing better. in that case you are not so worried about the fed making a mistake and tapering toussaint. lou: tapering toussaint, as if we knew what time they should begin their tapered. whatever the decision made by the fed, which meets in the middle of the month, what is it, the 19th? >> i believe the 18th and 19th. lou: whatever decision they make right now, that the move in this one person rally suggests investors are prepared to take their medicine,...
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is the president and federal government helping the economy? we'll have no-spin analysis of the president's statement. ♪ >>> 'tis the season to be jolly, but not for some atheists. a huge billboard in new york city's times square attacking americans who believe, but why? >> sit down and shut up, you idiot, and let me answer the question, and if you don't like it, stop acting like an
is the president and federal government helping the economy? we'll have no-spin analysis of the president's statement. ♪ >>> 'tis the season to be jolly, but not for some atheists. a huge billboard in new york city's times square attacking americans who believe, but why? >> sit down and shut up, you idiot, and let me answer the question, and if you don't like it, stop acting like an
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. >> it hurt the economy. >> economy is moving in the right and any sort of shutdown or shake, the uncertainty in washington is what is damaging the economy right now. off theey take budget table temporarily, what is as his domestic priorities? >> he has to did all of his attention into writing the health care ship. this is his legacy-defining item. numbers arent looking pretty good but that is in the front and. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another election or some kind of big economic shock that forces these lawmakers to come together. of these is a big part problem but the senate is becomin
. >> it hurt the economy. >> economy is moving in the right and any sort of shutdown or shake, the uncertainty in washington is what is damaging the economy right now. off theey take budget table temporarily, what is as his domestic priorities? >> he has to did all of his attention into writing the health care ship. this is his legacy-defining item. numbers arent looking pretty good but that is in the front and. enrollment is a lot different than actually getting the 7 million...
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their economy contracted by five percent. it is precisely because of the international sanctions and the coalition we were able to build that the iranian people responded by saying we need a new direction. and that's what brought president rouhani to power. he was not necessarily the first choice of the hardliners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this is a regime that came to power swearing opposition to the united states, to israel, and to many of the values that we hold dear. but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically. and that is the deal that, at the first stages, we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his counterparts in the p5-plus-1. so let's look at exactly what we've done. for the first time in over a decade, we have halted advances in the iranian nuclear program. we have not
their economy contracted by five percent. it is precisely because of the international sanctions and the coalition we were able to build that the iranian people responded by saying we need a new direction. and that's what brought president rouhani to power. he was not necessarily the first choice of the hardliners inside of iran. now, that doesn't mean that we should trust him or anybody else inside of iran. this is a regime that came to power swearing opposition to the united states, to...
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there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a correct observation, but it is n observation that is not unique to this particular time frame. you mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. if you go back to the 1950's, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. and then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50's, 14 million in manufacturing in 2007. but we were p
there is a structural change going on in our economy as we speak. joining me now to break it down, former chief economic adviser to president george w. bush and a hoover senior fellow. welcome to the show. you know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. i think that jobs have disappeared and are going to continue to disappear, and they are not coming back. am i wrong? >> you are not wrong. that is a...
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the media is as rich as any other part of the economy. and i think the correspondent's dinner is a classic example of this. >> have you attended one? >> i have, although not since 1996 because ""the new york times" stopped letting us go. >> why? >> they thought it was too -- dean baquet, who's now the managing editor of "the times", he was the washington bureau chief of "the times." i think it was in 2007, actually, declared that this is too cozy. he didn't like the message it sent. he would prefer that we stop going. i thought it was a great decision. >> describe the dinner to me. >> it's just this room full of tuxedoed people. a lot of hollywood celebrities come in. a lot of people talk about, you know, the good that the press does. but again, it's an extravaganza that continues, that it becomes the ultimate bubble world, the ultimate example of decadence in washington that people know intuitively is wrong, but have no either will or ability to stop it. >> this is a big night in washington. anyone whose anybody is here. and the key ques
the media is as rich as any other part of the economy. and i think the correspondent's dinner is a classic example of this. >> have you attended one? >> i have, although not since 1996 because ""the new york times" stopped letting us go. >> why? >> they thought it was too -- dean baquet, who's now the managing editor of "the times", he was the washington bureau chief of "the times." i think it was in 2007, actually, declared that this...
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. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney. austin, let me start
. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs...
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how accurate is it now in this new economy? how accurate of a gauge is it as to how well this economy's doing? >> john is a real expert here. the reality is these numbers constantly get revised and sometimes very dramatically. if it's 100,000 jobs created, it could be six months later, oh, it was 200,000 or it could be zero. the economy is not going to lose jobs when the jobs reports are showing we're creating them. they're not good at things like self-employment, entrepreneurs. >> john, for those people looking for jobs that are not low wage, who's hiring? where are the jobs? >> unemployment for college-educated workers is below 4%. so when you look at that 7% number, it represents a lot of people who have not gotten their high school education or maybe just have a high school education. if you have a college degree, we're seeing job growth in professional and business services, certainly in engineering which continues to be kind of a real driver of jobs, health care is net hire job creator over the last several years and hire
how accurate is it now in this new economy? how accurate of a gauge is it as to how well this economy's doing? >> john is a real expert here. the reality is these numbers constantly get revised and sometimes very dramatically. if it's 100,000 jobs created, it could be six months later, oh, it was 200,000 or it could be zero. the economy is not going to lose jobs when the jobs reports are showing we're creating them. they're not good at things like self-employment, entrepreneurs. >>...
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i think the economy is not performing the way we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of other things, health care has going up, real wages have been frozen. you're familiar with the budget problem that we face. there is a growing disparity between the haves and have nots in our society and that should concern all of us over time. and all these things are in some ways int related. so if i would pick one thing i would agree with what john had to say. what is our comparative advantage? how do we grow this economy in a very competitive world and in particular how do we empower, not just give but empower our citizens through hard work and thrift and all those sorts of things to enjoy some of the fruits of that growth particularly the third that aren't getting the education, the kids that aren't getting the quality of education that they need to be economically relevant in a competitive global economy. that's what i would focus on. i a
i think the economy is not performing the way we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of other things, health care has going up, real wages have been frozen. you're familiar with the budget problem that we face. there is a growing disparity between the haves and have nots in our society and that should concern all of us over time. and all these things are in some ways int related....
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how do we grow this economy in a very competitive world? and in particular, how do we empower, not just give but empower sit citizens through hard work and thrift to enjoy. so fruits of that growth. particularly the third that aren't getting the educations. the kids that aren't getting the quality quality of education they need to be economically relevant in an innovative competitive global economy. i also suspect you are probably a little more concerned about rising oceans than we are in indiana. kind of put that on the list. but that would be my take on it. >> good afternoon. i'm senator terry bonner from minnesota. i joined new labels i think it was about two years ago. i'm a paying member of no labels. i'm a democrat representing a republican area. it has always been like that. with redistricting it got worse it is now about 60% republican. my first election was in 2005 and my slogan was uniting the middle and that is still my slogan. my margins just keep getting better. i think i hit on something that really appeals to the people in my
how do we grow this economy in a very competitive world? and in particular, how do we empower, not just give but empower sit citizens through hard work and thrift to enjoy. so fruits of that growth. particularly the third that aren't getting the educations. the kids that aren't getting the quality quality of education they need to be economically relevant in an innovative competitive global economy. i also suspect you are probably a little more concerned about rising oceans than we are in...
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the economy gained 200,000 new positions last month. >>> in mexico startling new developments about a cargo of stolen radioactive material. they havthey have arrested two . they are being treated for raid radiation poisoning. poisoning. ♪ ♪ >>> as the word continues to mourn the loss of nelson mandela, stories are emerging of how america was crucial in the fight against racial segregation. consider this what was america's role in helping break the power of apartheid ove overseas the secretary for african a affairs will join us. >>> new york's mayor elects one of the biggest supporters to head the nypd. >>> a new wave of violence hit bebengazi. >> what would it be like to live on a floating ship in the middle of the ocean. >>> welcome to "consider this". we begin with the celebration of the life and legacy of nelson mandemandela. a ten-day mourning period began in south africa where mandela ercheddeendended the wave of ap. >>> mamandela's fellow lauret sd the sun will rise tomorrow and the next day and the next. it may not appear as bright today but life will carry on. joining me n
the economy gained 200,000 new positions last month. >>> in mexico startling new developments about a cargo of stolen radioactive material. they havthey have arrested two . they are being treated for raid radiation poisoning. poisoning. ♪ ♪ >>> as the word continues to mourn the loss of nelson mandela, stories are emerging of how america was crucial in the fight against racial segregation. consider this what was america's role in helping break the power of apartheid ove...
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the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are statements supposedly about the jobs report. speaker boehner said, we need to protect all americans from the fundamentally flawed health care bill. eric cantor had this to say. quote, stop obama care from reducing hours and eliminating jobs. peter roscom of illinois said we continue to see the lost coverage, cost spikes on the strain of the president's health care law. then there's this sugar plum from tom price of georgia who dug up the old refrain that millions of americans are going to see their policies canceled. it seems
the economy isn't dying at all. in fact, there are more and more signs it's thriving under the president's leadership. according to the new monthly jobs report out today, the economy added more than 200,000 jobs in november. and the unemployment rate is down to 7%, lowest level in five years. the president's enemies responded to the news the only way they know how by attacking the affordable care act. well, here's only a sampling of their reactions to the good jobs news. keep in mind, these are...
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this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going to those -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we pulled up that video tape of president obama and guess how he ended that sentence again, period. no more taxpayer funded bailouts, period. michelle, help me out here. >> what bothers me is that it seems every morning when we wake up there is a new fix to the law or we learn about this little known provision that they snuck in. this is providing this president with a blank check to the u.s. treasury for him to basically save him from the mess that he's in that day. every day there is something new. why not scrap the entire thing and start over again? >> there should be a fix when it's necessary. that's how effecti
this is fascism, an economy that's supposedly privately owned but in reality, completely controlled, manipulated and as michelle said subsidized by government. we have billions of taxpayer dollars going to those -- i thought they were evil. they were supposedly evil. >> they are. >> the insurance companies to offset their losses, to share in their profits, subsidies for them and the unions get a free pass. this is obama's animal farm. >> when we were researching the story we...
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the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job particularly at the lower end. gives them a start. get on the bottom rung of the ladder and if they work at it, get their discipline they can climb the ladder of success that's the american way. if you start raising the price of labor as -- the minimum wage and i'll include unemployment insurance, then you're kind of gumming up the whole works. >> there's the argument against it. but the argument for it, unlike 20 years ago when most minimum wage workers were teenagers, most today are bringing home more than half of their family income. t
the economy is only growing about 2%. we still have a huge jobs gap to where the number of jobs we should have if we would have had a normal recovery and why would we want to make it more expensive to hire the very people, low-skilled people, young people, who have the highest unemployment rates. listen, if you have a college degree or graduate degree, listen, that unemployment rate is about 3.5%. if you have a high school degree, it's like a depression. >> people are lucky to have a job...
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it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three yearsnd $600 million to get it going? this is outrageous. >> still having trouble. >> by the way, jeff bezos wasn't responsible for damaging -- >> nobody asked you about -- >> and forced. >> let me say something to the 5 million. it's not 5 million individual people. these are families. >> wait, wait. >> that 5% number the president is another lie. when you look at the numbers they knew in july of 2010 they knew it would be a substantial part of the market up to 80%. 60% of small businesses and 45% of large businesses. >> argued it in federal court and andy mccarthy argued the admission in a brief. they deliberately misled people. this was never about getting people better health care.
it was enough obama to change the entire health care system to damage the entire economy and now 5% is a diminimus figure to him. 80% of the website is working. 5% is no big deal. >> 90%. but that aside, do you know how much jeff bezos would have played to have amazon working at a 9 of 10 success rate. >> he would have with given anything. >> any website that starts off will have trouble. >> after three yearsnd $600 million to get it going? this is outrageous. >>...